They will trace exacly with nymex ng per their 10Q. So that means we probabaly have another 15% (from 5.42 to 4.59 next support) down which makes UNG at some where between 29-30. But I think that will be worst case senerio. But anything can happen. NG trading is controlled by big boys on the wall street and they are crooks. they do whatever they want. But they can not make it too low since everyone will be buying like crazy and makes money that way. But 4.59 is really likely. Especially if crude oild does not hold and headed for the fall again. I will hold off on average down until that range. Hopefully that won't happen. But, I thought original 15% fall from 44 was already overdone, and now this.Those bustards are really gready and they want to get them as cheap as they can so get ready.
USNG, a Delaware limited partnership, is a commodity pool that issues units that may be purchased and sold on the American Stock Exchange ("AMEX"). The investment objective of USNG is for changes in percentage terms of the units' net asset value ("NAV") on a daily basis to reflect the changes in percentage terms in the price of natural gas delivered at the Henry Hub, Louisiana as measured by the "Benchmark Futures Contract," also on a daily basis, less USNG's expenses.
USNG seeks to achieve its investment objective by investing in a combination of natural gas futures contracts and other natural gas interests such that changes in USNG's NAV, measured in percentage terms, will closely track the changes in the price of a specified natural gas futures contract (the "Benchmark Futures Contract"), also measured in percentage terms. USNG's General Partner believes the Benchmark Futures Contract historically has exhibited a close correlation with the spot price of natural gas. It is not the intent of USNG to be operated in a fashion such that its NAV will equal, in dollar terms, the spot price of natural gas or any particular futures contract based on natural gas. Management believes that it is not practical to manage the portfolio to achieve such an investment goal when investing in listed natural gas futures contracts.